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The BMW Range
5 Series
F10, F11, F07
F10 Demographic
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<blockquote data-quote="kenfoo2" data-source="post: 542025" data-attributes="member: 22717"><p>Does this math actually work out? I was wondering the same ... but then I tried some simple Excel calculation with FD at 3% and it always ended up with me paying a bit more if I took loan.</p><p></p><p>Remember, you still have to perform monthly repayments for car loan. </p><p></p><p>Likewise, your car loan is fixed at 2.5% for the whole tenure of your loan.</p><p>And you gotta take your $ our from FD to repay the loan -- that means effectively your FD interest of he total loan amount is much less than 3%.</p><p></p><p>Might work if FD interest is much higher tho -- but only in never never land.</p></blockquote><p></p>
[QUOTE="kenfoo2, post: 542025, member: 22717"] Does this math actually work out? I was wondering the same ... but then I tried some simple Excel calculation with FD at 3% and it always ended up with me paying a bit more if I took loan. Remember, you still have to perform monthly repayments for car loan. Likewise, your car loan is fixed at 2.5% for the whole tenure of your loan. And you gotta take your $ our from FD to repay the loan -- that means effectively your FD interest of he total loan amount is much less than 3%. Might work if FD interest is much higher tho -- but only in never never land. [/QUOTE]
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